Warner Bros. Studios successful Burbank, California, US, connected Wednesday, Nov. 26, 2025. Warner Bros.
Jill Connelly | Bloomberg | Getty Images
Netflix announced Friday it's reached a woody to bargain Warner Bros. Discovery, bringing a swift extremity to a melodramatic bidding process that saw Paramount Skydance and Comcast besides vying for the bequest assets.
The woody is comprised of currency and banal and is valued at $27.75 per WBD share, the companies said. That puts the full endeavor worth of the transaction astatine astir $82.7 billion.
The woody is for WBD's movie workplace and streaming service, HBO Max. Warner Bros. Discovery volition inactive rotation retired its TV networks, which includes TNT and CNN, arsenic antecedently planned.
The acquisition is expected to adjacent aft that separation takes place, present expected successful the 3rd 4th of 2026.
Disclosure: Comcast is the genitor institution of NBCUniversal, which owns CNBC. Versant would go the caller genitor institution of CNBC upon Comcast’s planned spinoff of Versant.
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